Barclay SP CLI Strategy ?'s

[Anonymous]

Looking for some feedback on when & how to ask for a SP CLI from Barclay on my Arrival+ WEMC. Current Credit Line is $10,000 trying to get to $15,000 and transfer a balance of $8,000-$10,000 over for +/- 90 days @ 0%.  Just recently got BT offers showing 0% till March 2018.

Background:

03/27/16 - Apped & DECLINED, called analyst backdoor # to recon, spoke with analyst, asked about high util % on 1 account. APPROVED with $5000 SL

03/30/16 - PAID 1/2 of balance on high util account before it cycled knocking it down to under 30% utilization

04/09/16 - Called analyst backdoor # after getting alert that TU report had updated with lower balance, had used card for about $1000. Asked for a SP CLI, had to explain that another analyst had told me they could SP CLI in the first 30days of account opening. She relented, SP TU and I got CLI $5000, new total credit line $10,000.

09/10/16 - Paid the balance off 9/09 - $964.75. Have called and asked about APR reduction / SP CLI - front line reps say no offers? However a couple of days ago I've got NEW BT offers (3 different versions) for 0% until March 2018! My Highest CL currently reporting is my Venture with $15k ($16k but won't update until 23rd or so) Then today on (9/13) got checks in the mail for the same offers.

What should I do???? Really would like to get this card to at least $15k so I could move about $8000 or so over, would do after cycle date so I could get it under 50% util before it reports.

Data Points.....

Stmt Date   Charges          Payments                Closing Balance

04/19/16      $3214.77           Pmts : $3212.82     Bal: $16.95

05/19/16      $5411.04           Pmts: $2516.95      Bal: $2911.04 (included a $5000 BT + $150 Fee @ 0%)

06/19/16      $0.00                 Pmts: $2911.04      Bal: $0.00

07/19/16      $415.56             Pmts: $415.56        Bal: $0.00

08/19/16      $281.23             Pmts: $281.23        Bal: $0.00

09/19/16      $964.75             Pmts: $964.75        Bal: $0.00 ----Statement cuts on 19th, will be my 6th statement since getting the card.

 TU Stats - FICO 08 705 or better (by 9/20) - Overal Utilization of 8% ($7500 between 3 accounts) nothing over 50% util, Last TU HP was in May 2016, Sync Amazon card. Last SP from Barclay looks like it was in mid July when my score had dipped to 690 (briefly) bc of buying a new car and paying off old loan.

[SouthJamaica]

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@Anonymous wrote:

@Anonymous for some feedback on when & how to ask for a SP CLI from Barclay on my Arrival+ WEMC. Current Credit Line is $10,000 trying to get to $15,000 and transfer a balance of $8,000-$10,000 over for +/- 90 days @ 0%.  Just recently got BT offers showing 0% till March 2018.

Background:

03/27/16 - Apped & DECLINED, called analyst backdoor # to recon, spoke with analyst, asked about high util % on 1 account. APPROVED with $5000 SL

03/30/16 - PAID 1/2 of balance on high util account before it cycled knocking it down to under 30% utilization

04/09/16 - Called analyst backdoor # after getting alert that TU report had updated with lower balance, had used card for about $1000. Asked for a SP CLI, had to explain that another analyst had told me they could SP CLI in the first 30days of account opening. She relented, SP TU and I got CLI $5000, new total credit line $10,000.

09/10/16 - Paid the balance off 9/09 - $964.75. Have called and asked about APR reduction / SP CLI - front line reps say no offers? However a couple of days ago I've got NEW BT offers (3 different versions) for 0% until March 2018! My Highest CL currently reporting is my Venture with $15k ($16k but won't update until 23rd or so) Then today on (9/13) got checks in the mail for the same offers.

What should I do???? Really would like to get this card to at least $15k so I could move about $8000 or so over, would do after cycle date so I could get it under 50% util before it reports.

Data Points.....

Stmt Date   Charges          Payments                Closing Balance

04/19/16      $3214.77           Pmts : $3212.82     Bal: $16.95

@Anonymous/19/16      $5411.04           Pmts: $2516.95      Bal: $2911.04 (included a $5000 BT + $150 Fee @ 0%)

06/19/16      $0.00                 Pmts: $2911.04      Bal: $0.00

07/19/16      $415.56             Pmts: $415.56        Bal: $0.00

08/19/16      $281.23             Pmts: $281.23        Bal: $0.00

09/19/16      $964.75             Pmts: $964.75        Bal: $0.00 ----Statement cuts on 19th, will be my 6th statement since getting the card.

 TU Stats - FICO 08 705 or better (by 9/20) - Overal Utilization of 8% ($7500 between 3 accounts) nothing over 50% util, Last TU HP was in May 2016, Sync Amazon card. Last SP from Barclay looks like it was in mid July when my score had dipped to 690 (briefly) bc of buying a new car and paying off old loan.

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I don't think they'll do it.

[Anonymous]

Well Barclay soft pulled my TU yesterday Sep 13th...score now shows 705 (not bad a 15pt bump I guess) but I called Discover yesterday and asked them to do an off cycle update, Disc cycled with 92% util but I paid it down to about 42% ...said it would take 1-2 days for each bureau to update, was trying to beat Barclay's soft pull, but they pulled earlier than last month :-( oh well.   Still will call and ask for APR reduction or SP increase after the statement cycle's, hoping with it being my 6th statement I'll get an Auto CLI and then be able to get it pushed up just a bit further.

[SunriseEarth]

Others could comment, but I thought Barclay's timeline was 6 months for CLIs.   I didn't get a lower APR/SP CLI offer until 6 months + a week.  

[Anonymous]

I have the Ring and the Aviator Aadvantage. I only been successful getting a CLI via SP on the Aviator every 6 months. The Ring got stuck like a glue and it is not moving for the last two years.

[Anonymous]

Any update, OP? Sounds like your 6th statement should've posted by now. Were you able to get a soft pull CLI?

[Anonymous]

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@SunriseEarth wrote:

Others could comment, but I thought Barclay's timeline was 6 months for CLIs.   I didn't get a lower APR/SP CLI offer until 6 months + a week.  

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Everything I've read say 6 months as well.

[Anonymous]

Not a lot to update everyone on, I went ahead and moved the balance over using one of the checks they sent, after the account cycled.  No Auto CLI (yet). Giving it a couple more days before I call back in about SP increase. 

[Anonymous]

I was able to update an old cash rewards card to an Arrival about a month ago and get a nice Cli via soft pull. I had the card though for almost 3 years and only received increases via automatic and never requested it. So I believe it's just a waiting game, but Barclay will for sure do a Cli via sp only. That's a fact

Hope this helps

[Anonymous]

***UPDATE***

So I called in to customer service today and told the CSR that I was calling to see if there were any offers for a lower rate or credit line increase on my account. The rep read over the BT offer (I already know about) and offered a CLI with HP. I declined that. Hung up and called right back.

Told 2nd CSR same thing and she transferred me to an "Account Specialist" . Very Very Nice woman, extremely pleasant. Dropped my purchase rate 1.0 pt to 19.24% and told me I was eligible for a $3000 Soft Pull CLI *****WHOOO HOOOO***** feeling greedy I asked if there was anyway to get to $15K total. She very nicely told me that was max I was eligible for with out a hard inquiry! I told her that's great then I will definitely accept that offer!

PERSISTENCE PAYS OFF!  Barclay Arrival+ WEMC | 3/30 App - Declined, Recon to $5k SL Approval | 4/12 Recon SP SL to $10k | 9/27 - SP CLI to $13k &  a 1.0 point rate reduction.

1.) 6th Statement + 1 week seems to be the timeline for the SP / Rate offers

2.) Transferring a Balance when you see new (NEW) BT offers definitely helps trigger the larger SP increases.